BU354 Chapter 15: Chapter 15 BU354.docx
Document Summary
Hrm is important based on who leaves, how they are treated during the exit, what the cause or nature of the exit is, and how remaining employees perceive this all impacts he long-term sustainability of the organization. Employee exits can become a huge challenge for organizations. The time, money, and resources invested in recruiting, training, and maintaining employees is lost when employees exit a firm. Turnover the termination of an individual"s employment with an organization. Turnover can be either permanent or temporary and can be a result of action taken by either the employee or employer. Voluntary turnover employee-initiated termination of employment, such as quits, retirement, or resignation. Involuntary turnover employer-initiated termination of employment, such as dismissal or layoff. Employee exits from a firm are usually a mix of voluntary and involuntary turnover. Individuals who hold occupations in management and administration-related positions are less likely to be laid off than individuals in other occupations.
